Press release
Enterprise Resource Planning (ERP) Market Report 2022-2027, Size, Share, Growth, Trends and Forecast
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
The global enterprise resource planning (ERP) market size reached US$ 41.8 Billion in 2021. Enterprise resource planning (ERP) is a corporate management software used to manage regular business activities, such as accounting, procurement, project management, risk management, and compliance. It helps store, control, interpret, and process different organizational data into a unified system. It also assists in improving efficiency, lowering risks, fostering collaborations, and enhancing supply chain management. As a result, several companies are adopting cloud-based ERP solutions to minimize operational and capital expenses.
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Market Trends
The rising need for task automation, operational efficiency and transparency, along with the increasing digitization of corporate functionalities, represents one of the key factors positively influencing the market. In addition, the rising adoption of ERP in the healthcare sector to minimize clinical errors and monitor administrative tasks effectively is contributing to the market growth. Apart from this, the growing utilization of ERP amongst small and medium-sized enterprises (SMEs) to make data-driven decisions is offering a favorable market outlook. Furthermore, increasing investments by leading market players in research and development (R&D) activities are driving the market. Looking forward, IMARC Group expects the market to reach US$ 70.6 Billion by 2027, exhibiting a growth rate (CAGR) of 9.7% during 2022-2027.
Ask Analyst and Browse Full Report with TOC & List of Figure: https://www.imarcgroup.com/enterprise-resource-planning-market
List of Key Companies Covered in this Market Report:
Epicor Software Corporation (KKR & Co. Inc.)
International Business Machines Corporation IBM
Kronos Incorporated (Hellman & Friedman LLC) (NYSE: KRO)
Microsoft Corporation MSFT
Oracle Corporation (NYSE: ORCL)
SAP SE (NYSE: SAP)
The Sage Group Plc (OTCMKTS: SGPYY)
TOTVS S.A (BVMF: TOTS3)
Unit4 (Advent International) (BVMF: TOTS3)
Workday Inc. (NASDAQ: WDAY)
Yonyou Network Technology Co. Ltd.(SHA: 600588)
The report has segmented the market on the basis of component, business segment, deployment type, organization size, vertical and geography.
Breakup by Component:
Solutions
Services
Breakup by Business Segment:
Sales and Marketing
Finance and Accounting
Order Management
Others
Breakup by Deployment Type:
On-premises
Cloud-based
Breakup by Organization Size:
Large Organizations
Small and Medium-Sized Organizations
Breakup by Vertical:
BFSI
Manufacturing
Healthcare
Education
Government
Automotive
Others
Key highlights of the report:
Market Performance (2016-2021)
Market Outlook (2022- 2027)
Porter's Five Forces Analysis
Market Drivers and Success Factors
SWOT Analysis
Value Chain
Comprehensive Mapping of the Competitive Landscape
Related Report by IMARC Group:
Business Analytics Market Report: https://www.imarcgroup.com/business-analytics-market
Messaging Security Market Report: https://www.imarcgroup.com/messaging-security-market
Payroll Outsourcing Market Report: https://www.imarcgroup.com/payroll-outsourcing-market
Project Portfolio Management Market Report: https://www.imarcgroup.com/project-portfolio-management-market
Gaming Console Market Report: https://www.imarcgroup.com/gaming-console-market
Data Center Cooling Market Report: https://www.imarcgroup.com/data-center-cooling-market
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Application Delivery Controller Market Report: https://www.imarcgroup.com/application-delivery-controller-market
Workforce Management Market Report: https://www.imarcgroup.com/workforce-management-market
Contact US
IMARC Group
30 N Gould St Ste R
Sheridan, WY 82801 USA - Wyoming
Email: Sales@imarcgroup.com
Tel No:(D) +91 120 433 0800 Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800
About Us
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC's information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company's expertise.
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